- GrafTech International press release ( NYSE: EAF ): Q4 Non-GAAP EPS of $0.17 misses by $0.04 .
- Revenue of $247.52M (-31.9% Y/Y) beats by $26.52M .
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Outlook: we estimate our sales volume for the first six months of 2023 will be approximately half of the level reported in the same period of 2022, with the largest impact occurring in the first quarter. As we proceed into the second half of the year, we expect sales volume levels to recover, as we move past Monterrey suspension-driven uncertainty and anticipate that a gradual improvement in market conditions will strengthen demand for graphite electrodes.
Longer term, we remain confident that the steel industry’s accelerating efforts to decarbonize will lead to increased adoption of the electric arc furnace method of steelmaking, driving long-term demand growth for graphite electrodes. We believe that the near-term actions we are taking, supported by an industry-leading position and our sustainable competitive advantages, will optimally position GrafTech to benefit from that long-term growth.
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GrafTech International Non-GAAP EPS of $0.17 misses by $0.04, revenue of $247.52M beats by $26.52M